Key facts
- Euroclear reported 233 million euros in direct costs and provisions for claims in Russian courts in 2026.
- 162 million euros of the costs are attributed to provisions for claims in Russian courts.
- The immobilized Russian assets generated 3.6 billion euros in interest income in 2026.
- Euroclear made a 1.4 billion euro windfall payment to the EU in August 2026 for Ukraine's support.
BRUSSELS, Belgium — Russian sanctions and countermeasures continue to impose significant financial costs on Euroclear, the Belgian company tasked with holding over 200 billion euros in immobilized Russian government assets. In 2026, these measures resulted in a loss of business income of 27 million euros and direct costs of 233 million euros, with 162 million euros specifically attributed to provisions for claims in Russian courts. The company is facing multiple legal challenges from Russian entities, including the Central Bank of Russia, which seeks to overturn the immobilization of its assets. Euroclear strongly contests these claims, deeming them without merit. Despite these costs, the immobilized assets generated 3.6 billion euros in interest income in 2026. A portion of these earnings is transferred to the European Union as a windfall contribution to support Ukraine, with the most recent payment in August 2026 amounting to 1.4 billion euros.